XRP Has TWO Jobs Now — Wall Street Is Quietly Using Both

Hey, it's Kamilah Stevenson, and around here we talk wealth. And what's up? It's good to be back, guys. What's going on? I see you already in the comments. Let's get busy tonight with some updates, and when I get done, I will go off with my members. And I want to share something that, uh, they've been asking me to talk about, which is how to make XRP become your bank. So I do want to go into detail with that. Um, so we're going to talk about that after I get off. If you're not a part of the membership, you can go ahead and join. It should be a little join button by the video, and, uh, it's just my way of saying thank you for supporting the channel. It's only $2.99 a month, $3.99 for iPhone users. And what's up, go ahead and like the video and subscribe if you have not already. I had a great time at XRP Las Vegas. Met some amazing people. Oh my goodness. And Ripple's team was so kind to me. I'm supposed to, um, speak at an event later this year with them in— oh, what's the country? I forgot what the country was, but I'm trying to make it there, but I'm not sure if I'll be able to because it's very close to my daughter's birthday. Um, thank you guys so much. You guys have been so kind. And yes, I was able to see some— what's up, 744? What's going on? Oh, lies, good to see you. I met, I met some— I met 744, I met Purple Rain. Um, man, it was awesome. It was awesome to see everybody, uh, face to face. And thank you guys so much. You have been such a blessing to me And, uh, yeah, I'm gonna share a little bit about what some of the things that, uh, I, I took away from the meeting. And, you know, a lot of people right now are very discouraged about the whole David Schwartz comments. And I mean, my goodness, Marshall, I'm gonna see you in a little bit. Um, yeah, uh, just watch the Impostor, The Impostors. Uh, they are, they are very much so everywhere, and, uh, just report them if you can. And they got people watching the videos, and it's so crazy because I see the comments on the videos and I'm like, this is not my channel. And I'm trying to let people know, but it's so difficult because there's a lot of videos coming out back to back. And I sometimes go in the comments and let people know that they— it's not me. Now, a lot of people did get a chance to see me face to face at the conference, and so they recognize that I am not AI and I'm an actual person. So, so that was good because I told you guys that, um, there's people who swear I'm AI on a video that I know I did, right? And they're like, I know what AI looks like, this is that, and this is— and they got all their reasons why it's AI, and there's no way she's putting out this much content, and and I'm like, hey, I wish I had an AI that can help me not work so many hours. But you're wrong, that's actually me, and I'm actually recording that video. I was actually there and you weren't. So, um, yeah, Prime, uh, yeah, Purple Rain Prime, uh, Kamilah Stevenson shows up. Yeah, yeah, they just— they're everywhere. So just report them. I'm trying to work hard with that. Um, no, I didn't. I didn't get a chance to see the news about Mayweather. What is, uh, what is the news about Mayweather? Uh, thank you, that's so sweet. Hey, whatever it is, they think I'm AI and I don't understand it. Um, but a lot of people who— even some people at the conference who thought I was— at one point they really thought I was AI, and they was like, okay, you are not AI, you are an actual person. And I'm like, yeah. And I will let you know if I do AI videos, I promise. I'll just let you know Hey, this is my intellectual property that I am dumping into this person, or I'll, I'll say the script or whatever and have an AI. I'll let you know if it, if it is. Okay, so, um, say Brianna said she's real, I can verify. Yeah, if they came to my door right now, they could hear me talking. Okay, they see, they see me all the time, right? Thank you so much, Mark, uh, Marcus, I appreciate that. Um, Uh, the skin is clear. Uh, well, you know what, um, hey, I try to keep my skin healthy from— because the skin is an organ and I treat it like an organ. So, uh, I try to, you know, I'm not perfect with, with all of my routines, but I try to be healthy and, you know, hydrate and, you know, get some sun and get good sleep and, you know, not to mess my gut all up, right? So, um, next XRP Las Vegas is probably next year sometime. So anyway, I made a lot of great connections and found some amazing people, and, um, it was a joy. So go ahead and like the video. I'm gonna get right in, and then I'm gonna, like I said, jump off with my members. Um, and yeah, you eat good, you, you know, you look good, you feel good. You know, you got to get some good sleep. Sleep is a non-negotiable for me. That is, to me, probably my number one, uh, thing that I like to get. And that's honestly why I could not go to any after parties or anything in Vegas. Uh, I disappeared and went back to my room and, um, you know, did some studying. And so I'm finding out a lot of stuff. And let me just say this really quickly, even before we get in. Again, like the video, subscribe. Nothing I share is financial advice. Everything I share is for educational and entertainment purposes. And, um, what I started to look at is old documents, right? I mean, this— these protocols have been, um They've been playing for a very long time. What happens is they use different language, okay? They change words around, and if you don't understand what certain words mean that are being used, even in old— like, I was looking at documents from like 20 and 30 years ago, like the '80s, and I mean, it's the same language, right? But you gotta— you, you have to dig a little deeper beneath the surface, right? Everything— a lot of this stuff, y'all, I, I'm not gonna— it's a, it's a show, okay? Get your popcorn out and eat your— it's a show. That's all it is. It's, it's what you want. It's what they want you to believe, okay? And that's what's being shown up a lot, right? So, uh, awesome, awesome. I see you, um, a comment. You got your LLC set up? Yes, thank you so much. Yes, I love this. I love the action takers, right? So, um, okay, yeah, I mean, if you believe that, I just tell people, listen, it's real simple, it's real simple. If you don't believe in XRP, you should short it, you really should. Um, and so it's— if it's just a liquidity for Ripple, then you did the right thing for yourself. All right, no, for anybody who's holding on to XRP, you can't um, you can't live off of somebody else's conviction for the rest of your life. Whatever you're personally convicted about with XRP, then I think you should be in alignment with that, right? And, um, what I find that is so weird a lot of times is that there are some, some people that are more angry at other people for what their convictions are and their belief is than they are worried about their decisions that they're making. So I love to hear when people say, hey, this is what I've discovered about it and this is what I did. I think everybody should operate in alignment. Now I don't believe that to be the case, and I tell you that I don't, uh, believe it to be the case, right? And so I got into XRP years ago. Everything they said would happen is happening. Absolutely. Say I went back to my room. Yes, I did. Uh, I don't— you're not gonna find me at a lot of parties and stuff like that. First of all, I love my sleep and I don't like Um, um, I don't like to— I'm, I'm just not a— I'm not a party networker type of person or whatever. I'm a little nerd and I like my schedule. Um, I'm very— yeah. How many banks, um, does Ripple have on board? Um, I don't know the exact number. Um, how many institutions that they have in partnership? Over 300, um, combined. Institutions that are using RippleNet, right? If that's what you're asking. Um, say, sell me yours, I'll take it. Thank you so much for the Super Chat. Yeah, they can sell me theirs too. Listen, you— everybody can believe what they want to believe, but this has been in practice for a very long time. Let me just say this, there's a lot of other cryptocurrencies that's going to do well, by the way, okay? I've been studying a lot on quant, right? And so again, I've been studying some historical documents that the language is different but it's the same thing, and finding out who really at the bottom of this controls pretty much everything, y'all. Um, I don't want to get into too much of that right now. I don't even want them to like try to shut my page down and all of this other stuff, so I try not to get too deep into this stuff. But, um, there's a group of people that controls a lot of what's happening. And, um, okay, and they announced, uh, 16,000 banks connected. Okay, so somebody said 16,000, somebody said 13,000. It's a lot. I didn't know the exact number. Um, yeah, and so many people will FUD out of this. All right, so let's get into it because I wanna, I wanna kind of share a little bit about what is happening so that, uh, you know what, you need to You need to know what you hold. And I was just telling my coaching group today because I was just with them for like 2 hours, and I gave them a principle at the end, and I said, this is the most important principle, and I'm going to share this with you guys too, and then I'll get into what I want to say. But this is so important, you guys. This is not the time to start adding new positions that you don't understand, okay? At all. There's a lot transitioning in the next 30 to 60 days, a lot. And I walk through it in my coaching session, so they got a chance to understand the, the, the, the web of connections that's happening, okay, in the next 30 to 60 to 90 days. And it's just not the time to chase things that you don't understand. It's not the window to add, uh, coin number 20 to your portfolio. Because somebody on YouTube hyped it up or whatever. This is the window to deepen, to deepen all of your, your positions that you already have conviction about, or deepen your conviction about the positions that you have intact already. Because people are gonna get very, very— they're gonna get hurt in this environment. They're gonna spread themselves thin, you know. Um, it's just like, I would love to know, for the person who said Uh, XRP Health is now XRPL. For the person who said I sold everything because I found out that XRP is just liquidity for Ripple, I would like to find out where the heck did they come up with that from? Like, how did they conclude that? Like, where did they do their research to conclude that? And why are the institutions and other countries investing so much Oh, by the way, these are institutions that actually have probably NDAs with Ripple as well, and they know more than what we know. Why, if they know that, would they invest in XRP? Like, it— you know what I'm saying? Like, so you found out something they didn't know, and it doesn't make any sense. I'm sorry, to, to me, um, but everybody can have their own way of, um, looking at things and connecting the dots. But, um, I, I even, even if I, even if I, and even if I thought something was a situation, I don't know if I would still sell. First of all, let me just say this. I have told you guys from the beginning, this is why I know some stuff is just emotional. I told you guys from the beginning that I have a lot of crypto and I would not sell in a bear market. Like, even a crypto that I'm not like totally all the way. I'm still not selling in a bear— why would you sell in a bear market? Why would you sell all of your bag in a bear market when you know at some point, even if it doesn't get to where you think it's gonna get to, it's gonna— it's eventually gonna go in— liquidity is gonna find its way back, right? That it's just— I'm sorry. Um, anyway, uh, somebody said $10, uh, trust the process, $10 XRP. Um, by July, right? Well, somebody said anybody sold their bag wouldn't be here listening, you know. Hey, I, I don't know what to say anyway. All right, so I want you guys to understand what you guys hold. And so here I am teaching again, and, uh, let me just say this, let me address this because I know that— and yeah, Marcus, and I'm going to talk about that a little bit in my, like I said, my membership about XRP being a bank. I know that this whole idea of, uh, of, um, David Schwartz and his statement on, you know, XRP can't get to higher prices, and if you really— if, if people really believed in XRP the way they, they say, it would be like at $20 or whatever. And really, he's right. Really, he's right with the retail. Why isn't it there? Because, I mean, they haven't retail hasn't, um, moved it to that point, right? And I'll get to some Super Chats. But he also said, in the same token, remember he did say, oh, by the way, I'm saying that you don't believe in it, but I'm also at the same time trying to, uh, I also want to let you know that I didn't think Ethereum would do well, and, uh, I sold it at, I don't know, $1, $2, $3 because I didn't think it would do well. I missed understanding that Ethereum would go higher, and I lost out on millions of dollars. Uh, oh, I also underestimated Bitcoin and didn't know that that was going anywhere. So FYI, I, I'm just letting you know that I missed the mark several times, okay? And, um Also, David Schwartz is— he thinks like an engineer. He's— he does not thinking like an investor. If he was thinking like an investor, he would have made the millions of dollars off of Ethereum or Bitcoin, right? He's trying to figure out what does the system need for XRP to function. Also, just remember this: David has worked on some high-end type cybersecurity type stuff for high-end organizations in a sense. And I think there's just things he can't say flat out. And perhaps he wants to be more conservative on, on, uh, XRP. I mean, he missed the mark with everything else. Um, I don't know. But what I do think is that sometimes his language may have what you call built-in deniability. There's a way you have to talk, and there's things you can say and there's things you cannot say. Okay, the, the word I use for it is a deliberate or a deliberate ambiguity, right? And so there needs to be that in place, a strategic ambiguity. Okay, so pay attention, just pay attention and, and look underneath the lines and use a little bit of critical thinking in some of this too. Uh, thank you for the Super Chat. XRP burning supply every day, deflationary, never will sell, plan to live off yield and watch it grow. And grow. Absolutely. And thank you for the Super Chat. And some people, you know, they, they push back on that because they say, um, it's only a small amount. Yeah, it's only a small amount, but still, when we're talking about institutional adoption at scale and it being utilized more and more and more, we still want to paint the picture that the use case will go up and the supply will always go in one direction, which is down the more it's used. So I think it's worth being said, um, even if it's not like a huge amount. And I think that was more for— I think that was built in for more of security reasons than it was to be deflationary. But still, it still gets burned, and every time it's used, it goes in one direction. And so I think that's worth being, uh, communicated. All right, um, thank you so much, Dwayne, for the Super Chat. Not everyone got on Noah's Ark, and the spirit is still alive. If it goes to zero, I'm good. It's money that I waste on other places. And but if it does— hey, and that's the way you got to think of it, because every investment is a a risk, right? And so the reason why I'm so— and thank you for that— I— the reason why I'm so long-term minded, because I, you know, I explained that like even when I, when I started investing, like investing in long-term things kind of wires your brain. Like real estate, I was investing in that for my kids, and I've been an angel investor for quite some time. And as an angel investor, you cannot even think about your investment for 5— you can't even— don't even think about it for 5 years. Don't even think about what I'm gonna make for 5 years. You just set it and forget it. Like, a lot of the investments that I've made, I haven't even went back to check on them, right? You set it and you forget it and you move on. Um, so I think my— why my brain is just wired that way. Uh, so anyway, I want to connect two pieces of the picture for you tonight, um, because I want you to watch I want you to watch both of them. I think the education that I've laid out makes the price chart become irrelevant for long-term investors in infrastructure. You are investing in the protocol of financial infrastructure, okay? And you have to use— you know, I study a lot of different things, y'all. I study Navy SEALs and everything, and they have this concept called uh, DOPE. All right, it's called DOPE, and it's data on previous engagements. I use it for everything. I use it for when I study finances. I use it for my Krav Maga, for martial arts. Meaning I study you as I'm fighting you. I study you like I study when your hands go up, when your hands go down, your weaknesses. If I fake kick, if it— if you fall for it, um, I study and I make moves based on my analysis of the situation, on how I can create clarity in the middle of chaos. That's actually one of their principles in the Navy SEALs, is looking at emerging patterns or combative concepts that makes clarity, um, in the middle of chaos, that makes things clear for you in the middle of chaos. Maybe for everybody else is chaotic or whatever, but you, you search for how to implement the skills that you've developed along the way in the middle of a chaotic situation by emerging patterns and looking at, you know, what's before you. And so I use this concept in everything. I'm always paying attention. Um, and honestly, most people make moves based off of their own personal incentives, okay? That's how you can kind of see even positions with politics and what moves people are going to make. Like the Game of Thrones— I keep saying it, right? You, you should watch the Game of Thrones. It'll help, it'll help you understand a lot. Yes, Purple Rain, thank you so much for the Super Chat. Set it and forget it on utilities, can't go wrong. And that is the truth, right? So, um, and then thank you so much, Marcus. Uh, I hold a few thousand. Red dips are the best time to buy more DCA. The future is extremely bright. It's very simple, actually. This is, this is as simple as it gets. But don't— people don't want simplicity, they want complication. They want to know when is the next— it's like if you had a, you know, like a city like Manhattan being built from the ground up and you watching the, you know, the cones and the people out there and the construction and all of that, and you had an opportunity to invest in infrastructure and they like, hey, you know, 10, 20 years down the line, this is, this is going to be a whole new city that's going to bring in a lot of revenue, and, uh, we got slots open for you to invest in this. Do you think that now the smart money and investors are going to come set it and forget it? They're going to be like, hey, um, you know, uh This is an investment. I'm long-term. I'm not even thinking about it. That's how smart money moves. But then here come retail. Here come, here come the people who want to make money tomorrow. Do you think that a smart investor would be invested in infrastructure at that level and, and saying, well, what, what's the price chart 3 days later for infrastructure for Manhattan? Do you think that they would be paying attention to like what the price chart says 3 days from now or a week from now unless they're day trading? That's different. I always say that's different. I'm talking about long-term investing and protocols. Um, that are again connected to the Nexx financial infrastructure. So it doesn't make sense for people to be hot, like, every week, like, well, why isn't the price going anywhere? Like, it doesn't make any sense to me. You don't know what you're investing in. That's just— it's simple. You don't understand infrastructure. There's no— nobody would— nobody cares about, uh, what, uh, the, the moment of the, the price looks like or the price in a specific moment. Nobody cares about that when they're investing in infrastructure. That's not, that's not something that smart money even cares about. Like, so it's just, it lets you know this person doesn't understand infrastructure. And if you were just so worried about like the price chart, you would just study the charts and you would just do your little swing trades and stuff and just study, study like indicators and stuff. Go study the charts, um, if you're trying to figure, figure that out, right? Um, anyway, uh, I don't mean— I don't mean it for it to be an ouch, but, but some people don't understand this is an infrastructure move. This is not a— it's not the— it's not like a stock, you guys. It's not. I'm sorry. Thank you so much. I, I appreciate this. Um, I appreciate the Super Chat. You guys are kind and sweet to me. It's not a stock. This is not a stock. Okay, it's not treated like a stock, it's infrastructure. You gotta— if you don't understand that, you're not gonna do well with this, right? So anyway, the first thing I want you to understand is that— and I'll get to some more, uh, of the Super Chats, uh, XRP is not doing one job anymore, right? We talked about XRP as a bridge currency, and I don't even think I'll get through all of this, but don't worry, I'll get back on Monday— I mean Wednesday, because I also want to talk about The market cap. I gotta talk about the market cap. Okay, um, thank you so much, Mr. Uh, for mistake— I might be pronouncing that wrong, but I appreciate you and thank you for donating to this channel. Um, I want to talk about the market cap mistake that people are making. Anyway, um, we talked about XRP as a bridge currency, like a settlement asset. It's a thing, uh, moving— basically, uh, that moves money between banks faster than SWIFT. Okay, that's all true. That part is really, really locked in. But there's two pieces that's happening right now. And the first job of XRP is, um, that XRP is doing is one that we already know with the settlements and moving money and being the rails that institutions use to transfer value across borders, between banks, between asset classes. And that part of the story, of course, is huge right now, bigger than any point in XRP history, whether the price does whatever it does or not, right? I've been talking about DTCC, the institution that settles every stock trade in America. They're putting their token— tokenization service live in the second half of this year. Ripple Prime, remember, is operating inside of their clearing infrastructure with the XRP Ledger integrated for fast settlement. And RLUSD is also approved as collateral inside the same structure. And I got to talk about that too because, oh my goodness, people confuse RLUSD with XRP. They think RLUSD is— we're going to replace XRP. It's just, you know, hey, I'll mention it. I, I'll mention a little bit. I got to do a whole video on it because people are just confused right now. I think people are just looking for something because they're fatigued with waiting. Waiting is always the hardest part. Um, so anyway, that is enormous alone, what, what XRP is doing. And Société Générale is putting their, uh, regulated euro on the XRPL in South Korea. And, and everything that's happening is all huge. Um, and if it was nothing else to add to XRP, that would still be one of the strongest institutional adoption stories in crypto right now all of what's happening and playing out. Now the second job has been now added to the picture, and this is something that we kind of, uh, they talked about a little bit even at the conference, and that is yield. So the XRP Ledger is becoming the place where institutional lending happens directly without third-party, uh, platforms in the middle. Evernorth, which is a major liquidity provider, just committed 400 million XRP to native lending on the XRPL. I did a video about it. Um, now native means that the lending process, or the lending I would say, happens on the actual ledger itself, okay? So it's not through a custodian or third-party platform, but it's directly on the same ledger that DTCC clearing operations are now connected to, okay? So the same infrastructure is being used two completely different, uh, ways with different functions at the same time. Institutions are moving money across the ledger for settlement and institutions are committing capital to the ledger to participate in lending markets. So settlement is going to create one demand, and lending creates a completely different kind of demand, but both of them are happening at the same time on the same network, on— remember, a fixed supply of— and somebody put it in the chat— 100 billion tokens. This is what I mean when I say XRP is becoming the asset that pays for itself. When you hold XRP, you're not just holding a speculative asset waiting for adoption. You are holding the rails that institutions move money through and the collateral that institutions hold to participate in lending markets. So the asset is doing work in two different ways, again at the same time. This combination is important because when XRP is only a settlement asset, the demand is very transactional. So you got money that's going to flow in, money going to flow out, and then the asset moves through the system, but it doesn't always necessarily get held in large quantities for long periods. But when XRP becomes a lending asset on top of being a settlement asset, then the demand becomes more positional. And I, and I, I have to reference settlement asset because some people try to make XRP something it's not. Listen, XRP doesn't do everything, but what it does, it does very well. And it has the competition for institutions at scale. Like, when you, when you add that piece and what XRP does, it does it well, okay? Just like what Quant does, does well. XRP can't do what Quant does. Quant can do what XRP does. I'll share more about Quant. I've been really studying it. Shout out to Jesse because his research is unmatched. Um, but anyway, if we go into the collateralization aspect, institutions need to hold it, they need to lock it, they need to commit to it, to lending pools. And that requires it to stay in place for the duration of the lending agreement. That's a different demand profile, guys. So Now remember this because I want y'all to understand the numbers about the supply for over $4 billion— of $4 billion XRP pulled off the exchanges since October 7th. Um, $7 billion leaving centralized exchanges in February alone. And the order book, remember, is at its thinnest since 2021. Whales are accumulating at a rate that we've never seen. And now add institutional demand for both settlement and lending on top of the supply picture. That's a setup that people are not paying attention to. Why? Because they're watching the price chart asking why is XRP still a dollar and— let me see what it is today. I didn't even look. I don't, I don't look at these prices other than to buy. I mean, honestly, um, I already said $1.39 today, um. Which is— I hope it goes down, honestly. Um, so, but they're looking at the price chart trying to figure out when is it going, why are we getting all this good news and it's not, uh, it's not moving. Because the, the value is not in the price chart, it's in the protocol. Understand the protocol. The value in the price chart is always going to reflect the fundamentals, the foundation, at some point. You just gotta wait for it, okay? The price chart is always the last thing that catches up with infrastructure. The infrastructure is what tells you where this is going, and the infrastructure being built is telling you a very specific story, but people are missing it because they're looking at the price. If you look at the infrastructure, you'll know where this is going. Okay, so let me just look at the, uh, let me scroll through. And, um, thank you, Marlon. Uh, yes, patience. I believe in XRP. I'm patient. And that is a character skill that needs to be developed. A lot of people just don't have it, right? Um, we got to develop patience along the way or else we're gonna completely, um, miss out. Quant has total supply, uh, for Quant is— and again, shout out to Jesse, he is killing it on Quant research. Quant, um, and he explains this very well, is actually cheaper than XRP, Bitcoin, all of it in relationship to the total supply, the market cap. So, uh, I love, I love Quant. Um, also hard to buy 10 Quant instead of 500 XRP because the number is too small. Yeah, I mean, some people look at the, um, if you actually, if you actually do the math though, it's actually cheaper technically. Uh, but I, I get, I get what you're saying. Right? And so Apex Crypto does a lot of, um, uh, information on Quant. So I've been diving into that. Now hit the like button if you're getting value. Yes, I like that. Thank you so much, um, for sharing that. Now let's, let's talk about something else that was, um, identified at the conference. And I talked about this a little bit, but let me go into it so you can understand, right? And so thank you so much, uh, Jack, uh, Jack Cobbin. Um, so, and let me see this real quick, Andy. Uh, Japan has already included it in their purchases on the market. We need to get this rolling in the US. Yeah, Clarity will. Yeah, and I told you guys, uh, the SEC, the people who defended, um, XRP on the, uh, SEC case, um, they predicted we weren't getting the Clarity Act passed. So I shared a little bit on that, but they don't, they don't think so. They think, um, they're gonna, they're gonna, um Yeah, just a foolish psychology. Yeah, um, they, uh, they think that they're gonna try to get, um, we won't get the legislation, it'll go into like, um, you know, the impeachment of, uh, the current party and his family. And, you know, so I, I'm not going to go over that because I shared it already in the video. Now I do want to talk about what Grant Kidd at XRP Las Vegas revealed about the future of money because I think this was very important. Um, so Greg Kidd, uh, he runs Vast Bank, and he's one of— he, he's, uh, I thought his conversation was really good about understanding where money is going and how money will move. And basically he said there's 3 paths for the future of money, and there are different versions of how we're going to move value moving forward, and each path has different implications for who controls your money and what your privacy is going to look like and how the system is actually going to function. And he was very direct about that, um, that all of the paths, they're very— they're real, but they are, um, they just have different implications, right? And so it's just trying to figure out, well, which path is going to win for the, for the average person. Now, the first path is CBDCs, okay? Positioning is the next wave. Uh, so central bank digital currencies, uh, this— so this is the version where central banks issue digital currency. So central banks, not regular banks, central banks. And I'll get to some more, um, uh, the Super Chats. Uh, so they're gonna issue digital currency directly to citizens, and but they're gonna have full visibility into every transaction that you make, every dollar you spend, every purchase that you make, um, every transfer. Um, so it's, you know, your privacy is not gonna, you know, be intact. And he— what he called it was like the Big Brother controlling everything. And the CBDC model is programmable, so it's, it's gonna have a little bit of control over your money. They can see everything you do. They can freeze your account just like that. Uh, they can program rules into your money., that say what you can spend, where you can spend it, you know. So anyway, that's one path. The second path is stablecoins, right? And, uh, this is the version of digital money that runs mostly without identity attached to the wallet, okay? So you can hold a stablecoin in a non-custodial account and you can transact very freely. You can move value without going through the traditional banking compliance. And what he pointed out was that the path solves some of the problems of the CBDC model because it preserves more privacy and more freedom, but it also has its own issues because stablecoins without identity can create some challenges for like compliance and fraud protection and, um, or fraud prevention is what he said, and consumer protection. So, uh, I think he used like this example with— I think he used the example with Walmart, and he said like imagine Walmart taking in like $3 billion dollars in stablecoins and then not knowing where any of it came from. So that's a problem at scale. Um, so yeah, stablecoins aren't the complete answer either, right? Say we lost our privacy a long time ago. Yeah. Um, so yeah, let's see. Uh, thank you so much, Dwayne. When they're crying, I'm buying. I love— I'm the same way. Give me yours, I'll take it. I will take it, right? And CBDCs, yeah, they're going to be inevitable. I mean, it'll be there, right? Say it's all coming to Canada for sure. Yeah. Um, let's see. First time here, was not eligible. Ralph, how do I back XRP insurance policy? I would go— I would of course put some in a cold wallet for sure. That's always the first step. Um, you can put some in a cold wallet if you want. Um, they also have a premium custody account, but it's a closed loop account, and so, um, you can park some there. That's, um Scam Protection, you know, for the closed-loop account. I like diversifying mine, you guys. Even, you know, I'm just gonna use common sense. Even with quantum computers, and I'm gonna give— I got a video coming out about that, uh, just imagine, like, who, who do you think they're coming for first? Like, with cold wallets, if, if quantum computers exist, it's, you know, and, and they are able to hack from your public wallet. Because the whole idea of the cold wallet is that you can reveal the, the public wallet. I mean, that's how you move— you, you move money in and out of addresses. And so your public wallet is on the, the blockchain, it's transparent, but you can't get a private wallet from the public wallet. That's what makes it secure. That's, that's how it's built, right? But with quantum computers they'll be able to hack your private wallet from your public wallet if that ever came to be, right? They're saying that it needs to be taken care of before 2030. But who do you think— whose wallets you think they're gonna come from for the first, uh, in the beginning? They're gonna— they— if they're smart enough to hack and get your, your private keys from a public wallet, for sure they're going to go have the big wallets first, right? Come on, that's just common sense. That's just like a thief would know to do that. Right? Go after somebody who got a lot of money, so they're not going after the, you know what I'm saying, the smaller wallets. Anyway, that's why I like to diversify, right? Um, thank you so much, William. I appreciate this so much. Uh, like and subscribe. Thank you so much. I appreciate it, the reminders. Uh, like and subscribe if, if you're learning something. So let's get more into this. All right, so we talked about— okay, so stablecoins, we talked about that. Now let me I— let me just say this. I have to say this because so many people are— oh, and to answer the rest of that question, yes, cold wallet. I will start with a cold wallet. But if you want to diversify into an institutional, uh, custody account, you can use their premium account. If you can't— if you don't qualify for Roth, you can also do a backdoor Roth, um, and just, um, move assets over or take, uh, pay taxes now and then move it in and then get that asymmetry without the taxes. And I'll get to some more of the Super Chats. I have to say this though about RLUSD. Oh my goodness, it is so many people confused about RLUSD. Okay, since we're on the topic of stablecoin, listen y'all, because some people are like, well, RLUSD, once they made that coin, Ripple, they— that's their bank coin, they, you know, they don't need XRP. Y'all, okay, let me just say this real quick, and I'll do a whole video on it because I just need you to understand this. RLUSD represents dollar value on chain. Dollar value on chain. It is a stablecoin. So yes, it is great for payments and settlement. Yes, it is. But it's still tied to one system, and that's the US dollar. XRP is different. It is a neutral bridge asset. Neutral bridge asset. It's not tied to any one currency. Currency, and it is designed specifically to move liquidity between different assets and systems. It is bridge liquidity. For example, you could convert USD into RUSD in the United States and send it to someone in China, but once it gets there, it is still dollar-denominated asset. It's a, it's a dollar-denominated asset. If they need yuan Now they have to convert that RLUSD into CNY, okay? That conversion still requires liquidity on the other side, all right? So RLUSD does what the stablecoin does, but it doesn't do what, what XRP does. So that is where if now you send RLUSD to the other side of the world, it still needs liquidity to transition it. And that's where a bridge asset like XRP becomes useful. So instead of relying on direct RUSD to yuan liquidity, which may not always be deep enough or efficient, XRP can act as the intermediary. Okay, USD to XRP to CNY. So RUSD I didn't say 3 yet, uh, Roberts, but I'll say the third thing. RLUSD— I need y'all to know this— it does not replace XRP, okay? It actually increases the need for something like XRP. The more tokenized dollars that you have moving around the world, the more demand there is for a neutral asset that can connect those dollars to every other currency and asset efficiently, okay? One represents value and the other, uh, moves that value between worlds, okay? I just have to say that, right? What's up? What's up, bestie? My bestie is here. So I need you guys to understand that. And making sure I didn't miss, um, thank you so much, um, uh, Kage— oh, let me not say that, y'all. Y'all, I'm gonna just say 6594 because I get these words wrong, but I appreciate you. And thank you for sharing this, and thank you for the Super Chat. Um, greatly appreciate the open discussion, Dr. K. So yeah, I need you guys like to really understand, and I'll go more into depth on that because I don't think a lot of people, um, can quite understand what is going on, right? Um, uh, you, you— the max amount in an iTrust Capital Roth, uh, the only— the, the max is like $7,500 if you're under 50. And like $8,500 or $8,600 if you're over 50 for the year. Okay, so there is a max, so they ain't gonna let us put too much in that tax-free account, but they will let us, um, put a little bit, right? So yeah, load the boat. Okay, um, nothing I say is financial advice, but that's what I'm doing, right? So anyway, stop looking for excuses to like make stablecoins replace XRP. It actually makes XRP more useful, more needed. Now, the third path— I didn't say that— the third path is tokenized deposits. So, um, a lot of people don't understand this, but it's— to me, it's one of the most important conversations in finance that's happening, right? Because, okay, tokenized deposits are real dollars. They are not synthetic dollars. They're not stablecoins backed by treasuries. They're real dollars sitting in a bank account that are FDIC insured and protected by all the consumer, uh, protections that come with traditional banking. Um, all of it come with risk, but you get what I'm saying. But instead of those dollars sitting on a, what, a 50-year-old core bank ledger that takes— again, this is the problem with banks taking days to move money between, uh, banks, um, take time and extra money. They sit on chain, okay? So the same dollar, the same FDIC insurance, the same compliance and consumer protection, just operating on blockchain infrastructure instead of legacy banking infrastructure. All right, now why is this important? Well, Greg explained it like this: right now, when you pay somebody at a different bank, there's an entire clearing and settlement process that happens between banks because every bank has its own ledger. Okay, so yeah, every bank has a— so if you guys don't know, like, um, every, every ledger is not a blockchain, but every blockchain is a ledger. Okay, banks already have ledgers. Okay, so each bank has their own ledger. So there's no master ledger in the United States that connects all the, the bank accounts. So each, um, so Okay, so each banks have his own, own ledger. And so when money moves between those banks, there's like a step— there's a stepladder up to the clearing system, and then there's a stepladder back down to the receiving bank. And that's why the payments take a long time, they take days. And that's why wire transfers cost like $25 or more, okay? And that's also why moving money across borders is very slow and very expensive. Because of it being set up this way with them having their own ledgers. So, and remember, this is an infrastructure that's built like 50 years ago, okay? And nothing's been rebuilt since it, right? So with tokenized deposits, there is one master ledger, okay? One. So just like there's one ledger for any blockchain, money is going to move from one address to another address in seconds, 24 hours a day, 7 days a week, frictionless, instantly. No clearing layers in the middle, no $25 wire fee, okay? No 3-day, 5-day, weekend delay, all of that. The entire payments industry is going to collapse from a fee extraction layer into the single layer where money is just going to move instantly, okay? And this is what I also want you to know, because what he said was he was talking about how, like, in a world where 1 to 2% of GDP is currently spent on payments, payments become more so like a public good, and the price will approach zero, which is good. And when I say GDP, I'm talking about a gross domestic product. So that's the total value of all goods and services produced within a country over a specific time period, usually a year or a quarter, okay? Just depends on how they're measuring it. So again, 1 to 2% of GDP is currently spent on payments. That is hundreds of billions of dollars every year that goes to Visa and MasterCard and the banks and the wire transfer fees and all the friction that's in the system that we've been talking about. A lot of friction. So when tokenized deposits go live at scale, that entire fee extraction layer disappears. Poof, be gone. Okay, so payments are going to stop being a profit center for middlemen and become public goods, uh, that cost almost zero, nothing basically, right? So that is the future being built, and the rails that this future is being built on are exactly what the XRP Ledger is designed to do. Now, he didn't say XRP Ledger specifically on stage, but he didn't have to because everybody already know what the infrastructure is that he's describing— one master ledger that will connect Instant settlement, frictionless transfers. That's what Ripple has been building for over a decade, right? Um, that's even what David Schwartz— I, I give honor to him for designing the ledger. I mean, it's amazing, right, the way he designed it from the beginning, um, to handle exactly this kind of institutional use. But, and I'll get, um, some more of the, uh, Super Chats. I say, hey, okay, 744, what's going on? Let me get to this real quick, um, and making sure I didn't miss any. So I'm just scrolling back up, uh, give me a minute, I'm just looking. Um, thank you so much, it was a pleasure meeting you. Yes, I got to— and I don't want to say your name because I don't know if you want your name revealed, but I got a chance to meet @744. Um, it was a pleasure meeting you as well, the highlight of the conference. I was so blessed to have several conversations and share some laughs. I mean, he is so cool. Yes, I enjoyed it as well, and thank you so much for supporting the channel as always, 744. It was a pleasure, I can't wait to see you back again, right? We got to see each other again. So, um, thank you, thank you so much, Anita Moore. And, and I'm, I'm trying to explain where we are headed and why the XRPL is so useful, because that's what makes XRP useful, is that you need XRP for the XRPL, um, for, for the movement of value, right? So, um, Greg says something else I want to highlight, right? And then I'm gonna jump in with my membership again. Like and subscribe if you have not already. And I'm gonna say a few more things because this is very important. Some of the stuff he highlighted is that the innovation that's happening— and I mentioned this, um, is the democratization of access, meaning anybody, uh, can hold money, anybody can transact, anybody can have access to financial infrastructure without permission from a gatekeeper. Okay, so we're talking about like the big governments and stuff, and that's where the other two layers kind of fall a little short. You know, so this can happen without big government and big corporations deciding who participates and who doesn't. So that's the deeper change that's being built underneath the technology. And I like that the technology is one vehicle, but the actual revolution is the democratization of who gets a seat at the table in the financial system, right? So this is definitely important. And I want you to also understand, like, yeah, every— we're all waiting on you. And, you know, be very careful with trying to get yield, if you don't have enough of, um, if you don't have a big enough holding, I would suggest against it honestly right now, uh, lending your XRP out if you don't have enough, like you're trying to accumulate, right? Um, but there is— we, we are experiencing the settlement and the yield and tokenized deposits and the future of money all at the same time. That's not a maybe or hope or anything. We are— it's being built right now. But while we're sitting here, let's just understand the infrastructure is going forward, okay? It's being built. Institutions are taking their position. Capital is being committed. Don't be fooled. You can sell all you want to, and you can listen to David Schwartz, who also missed out on millions of Ethereum— the biggest, the biggest ones, Ethereum and Bitcoin, right? And while all of this is happening Um, most people are still holding XRP in the same structure that they held 2 years ago. There are some people who still got them in exchange accounts. Um, be careful because the same setup that does not protect you from one thing that takes a bigger bite out of the XRP gains is going to be the taxes, right? I know that a lot of people will sell their XRP. I get it. They're going to take profit. Crypto just in general, not just XRP, just crypto in general. And this is exactly why I do— and I keep saying, you know what I'm saying, like, I just need to say this clearly because I don't want nobody to miss it. I do think that the biggest threat to your XRP wealth and crypto in general, whatever your convictions are, is not a price drop. It is not the Clarity Act. It is not Brad Garlinghouse leaving Ripple. It is the IRS. I promise you. They're going to show up, they're going to take a percent— a percentage of everything. And that is the threat that nobody likes to address. Why? Because it's not exciting. Many people want to hear about taking profits and stuff. You're going to have to pay taxes, and you're going to be probably emotionally spending money at that point because your portfolio went up. Whatever cryptocurrency you have— because you can put different crypto inside of Roth, a Roth IRA— and you can actually take profit too. Some people think they stuck and they just gotta let— no, you can actually buy and sell inside of your Roth IRA. Some people trade inside of their Roth IRA, believe it or not, um, because it doesn't matter because they're not going to have to pay taxes on the upside. So you can take profit at any point and then you can roll it over into other things. Maybe you want to roll it over into silver and gold or whatever, right? But I have been telling you guys for months, I do hold a portion of mine inside of Roth IRA with iTrust Capital, and I was able to meet them and sit down with them and, uh, met them at dinner. And it was— they are just— they are so family-oriented, it's ridiculous. I absolutely love them. They are really, really kind individuals. Like, it's— I'm not just saying that, they really are. Um, and I hope to go visit them and just hang with them for a weekend. Um, so I'm— I plan on doing that this summer. But, uh, the reason why I do this personally for myself is because when the infrastructure being built reflects it in price and, and we get the move that everybody's waiting on— and trust me, it will happen I don't want to give away any of my money in that account, okay? I want to keep all of it. I don't want a tax event, okay? And I also want you to understand too that iTrust is not just a place to hold XRP in a Roth. They have other— they have a ton of crypto. I have XDC in there, I have, uh, Ethereum in there, I have different, um, cryptocurrencies in there, I have HBAR in there. They also have silver and gold in there, so they, they let you hold silver and gold in the same account, backed by— and I don't say this often— but Kitco and Royal Canadian Mint. Okay, so you do have the ability to have your digital assets positioned, your real money position, in one structure that protects it all. And, um, I keep saying this also, but, uh, I don't know who's new here, so I, I want to keep saying that they are rolling out stocks and ETFs into the same Roth structure. So, um, the account that they started with that would hold just crypto is becoming now a complete wealth, uh, platform where everything you build is protected by that tax drag that a lot of people are going to run into at some point. So they do have a $100 funding bonus when you fund the account, but that's not why you do this. You don't do it for the $100. You do it because you understand that the infrastructure being built is going to take time to reflect the price, and when it does, you do want to be in the structure that lets you keep all of it. It is about wealth preservation. Most people don't want to talk about wealth preservation. They just want to talk about getting money real quick. And guess what? Just as quick as you get it is just as quick as people lose it, right? So, um, yeah, a lot of people are going to get it, they're going to lose it because they don't have structure in place. They don't have wealth preservation skills in place, and they're so driven off of all of this hype. I told somebody the other day, you don't need any hype to, to educate people on XRP. All you need to be is educated. You don't need any hype. We don't need hype. We don't need no hidden mysteries behind the NDAs and what, you know, like some people are investing in XRP just because of the NDAs. Oh, something— but no, we don't need the hype. Where's— why do we need the hype? There's utility in this. This is financial protocol, right? They're like internet of value. We don't need the hype. Anybody who's educated don't need the hype. Most people need the hype because they like to be emotionally triggered. It makes them feel good. Anyway, the link is in the description. Open up your account, fund it with whatever amount makes sense for you to start, and then you can always add later. You don't have to do it all at once. Get started, because I keep telling you, the people who are positioned before the move is going to come out of these cycles in a better position. All right, so, um, also, if you're holding XRP and you are looking for the overall picture, you don't know exactly how much should go into, uh, custody, self-custody, versus How much should go into Roth versus how much into physical metal? And should you hold versus, you know, how to, you know, put things and fit things together with your taxes and other investments? That's what my clarity calls are for. I do sit down one-on-one, we go through your entire situation, your accounts, your timeline, your goals, all of that, and we build a real game plan for you. And it's been tremendous to be able to do that. I also have my community, so those links are in the description. As well, um, for both of those. I'm just looking to see if I miss anything. I am going to go on now with my members and we're going to talk about XRP being a bank, right? So I come on here, I try— somebody was, uh, upset at my thumbnail. My goodness, I was like, they was upset that time off the thumbnail. I'm like, listen, I had time to work, uh, 50 million hours on no thumbnail. Now I'm trying to get the information to you guys because We are in a K-shaped economy, and guess what? Things are going to take off. And guess what's gonna happen? Folks slant— gonna slide back. There is no middleman. I keep telling you guys that it's only two. It's gonna be the people with assets, the people who don't, who work and live in paycheck to paycheck to buy things. Uh, rent is already taking up a lot of people's money, and you ain't even adding in insurance and food and transportation and all of this other stuff. And then so you got people living paycheck to paycheck, they don't have any assets. And then when these things inflate, you know, Kevin Walsh is coming in, they want to drop rate— interest rates. Inflation is going to go high, assets gonna go high with it. Not only are people gonna struggle to try to pay their bills, but they're going to be trying to chase assets that's getting away from them. It's not going to happen. If you don't get in now, you're not going to be able to get in. It's just that simple. I don't mean to be like, this is opportunity. If you don't see this opportunity I don't know what to tell you, but I'm telling you, it's not doom and gloom now, but it will be doom and gloom later. Yeah, I am going to say that it is going to be doom and gloom later for a lot of people because they didn't take this time to quietly accumulate, just like smart money is doing, and get their position and get their structure and, you know, get their Roth IRA intact to protect them, you know, from taxes. All people are thinking about is when is this going to go up. I mean, I can't tell you how many times people, you know, want to know that question. All right, um, trust me, it will happen. All right, um, and so, uh, can you transfer? Um, yes, you can transfer to the premium account from, uh, your cold wallet, uh, if you want to expose yourself to a little bit of, um— it's the same way you, you would have moved it from the exchange to, uh, the cold wallet. Uh, iTrust Capital has a, um, they have a wallet address that you send it to, and so that's how you do it. So yes, you absolutely can expose some of your money Um, now not to a Roth account, only to a premium account. With a Roth account, you have to use money because they have to track how much money you're putting in that Roth account, right? Um, I mean, it's a way to make yield if you want to stake your USDC and other crypto on Uphold or Coinbase, uh, but remember, they, they, they hold the rights to your money and you don't own it. So, um, I don't like it. I don't like using exchanges anymore. Um, they're not safe and they own your money. So I don't like using it, but it's, it's— some people are doing it and that's how they get yield. Some people are using it on Xaymin and they're, you know, um, putting their XRP in the pool with, uh, the Flare Network. So it's different ways people are definitely, um, uh, doing it. You just bought HBAR on, uh, iTrust? Yep, I got some HBAR in there as well. I think HBAR is going to do well, Anita. Um, great move. I love HBAR as well. Yes indeed. ZBEC is teaming up also, uh, with Ripple. Um, that was one of the announcements. I didn't make it to every session because I was, you know, just talking to people, and I just was so happy to see people face to face, to be honest, that I didn't even make it to all the sessions. But there was a session that came out about that. Um, so that is pretty cool, right? Is that voice coming? I'm gonna give it— it'll be here this week because I'm almost on edge with this whole RUSD and David Schwartz and folks just the crying and the cry face and all of that. I'm just almost scare, trust me. All right, if XRP is a scam, uh, then just don't buy it. All right, it's just that simple. You ain't got to say nothing more, just don't buy it. All right, let's see. Um, yes, I'm just making sure I didn't miss anything. All right, I'm about to jump on with my mem— oh, there we is. Uh, there we is. Look, look at me in my slang. There we are. All right, Herman, thank you so much. Thanks, uh, Doc. Glad I'm in it. I love to see it. And I appreciate all of you guys, um, for being on here. I see some new members. We're about to jump on now, so just give me a few minutes. Listen, um, continue to get educated, y'all. Seriously, uh, that's how we're gonna ride through the conviction. Um, look at the patterns. Again, I told— I told you guys one of the methods I use, which is the dope. All right, look at the patterns. And, um, your ACH isn't working on iTrust Capital. Could it be bank, uh, blocking transfer? Yeah, you may have to call your bank and, um, see about that. Or you can call— yeah, I would call the bank first.. And then, um, I did leave the, uh, I did leave the number in the description for iTrust Capital. You can also reach out to them. They'll help with these type of things as well. So it could be on iTrust Capital side. Um, you could, you could call— I would call iTrust Capital first and just see, um, if there's something on their side that's pending or blocking it for some reason. And, uh, and then after that you can, uh, call your bank and, and just kind of um, do your little, uh, I don't know, follow-ups with that. Uh, but I will leave— first of all, thank you for the Super Chat. I will leave the number for, uh, iTrust Capital in the description. They are very, very good for helping with these type of things because they've had, you know, they've helped people even move, you know, money from their 401k and transition and pension and all of that. And so sometimes there are some blocks and stuff, um, that prevents you from being able to open up the account. Maybe they see something on their end, it could be on your bank's end, but I will call iTrust Capital first just to see if there's something blocking it on their end, and then call your bank. Um, it's hard to tell, but, uh, you can, you can follow up with them and they'll help you out. They got great customer service, okay? Very, very good. All right, y'all, um, uh, hey, if you FUD XRP, that's your choice, okay? I do believe that you are going to be disappointed. In the future. And, um, maybe there's other ways that you can definitely make money, and that's fine too. But make sure you're not— I would just say, you know, invest in things that you're convicted about, and, uh, don't, don't lean in with your emotions. Get educated about whatever you invest in. Everybody has their own choice, and it's all good, right? So keep doing what you do, keep learning and growing, because that's what we all doing. That's what we're all here to do. And I'll continue to— I'll continue. I know it's a little bit of trolling, but I, I mentioned it a little bit for— there's new people on here all the time that are, um, that get shaken by that type of information. And, um, and to me it's just very simple. Don't invest in it if you, if you shaking and you, you feel like it's not going to do well. It's— it can't get no more simple than that. Invest in what you believe in and what you're convicted about and continue to dollar cost average and be long-term minded and get your emotions out the game. And as always, I want you to stay wise Stay wealthy, and I will see you in the next video. Peace out.